Question: Consider two $10,000 face-value corporate bonds.One is currently selling for 9,980 and matures in 15 years .The other bond sells for 9,350 and matures 15

Consider two $10,000 face-value corporate bonds.One is currently selling for 9,980 and matures in 15 years .The other bond sells for 9,350 and matures 15 years.The other bond sells for $9,350 and it matures in 3 years.Calculate the current yield for both bonds if both have a coupon rate equal to 5%.Which current yield is a better approximation of the yield to maturity?

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